Latest News:  
Beijing   Cloudy/Overcast    29 / 20 ℃  City Forecast

English>>China Business

China's non-financial ODI slows in Jan-Aug

(Xinhua)

08:14, September 20, 2012

China's rate of investment overseas has slowed as a result of the global economic downturn and softening growth in the world's second-largest economy, official figures showed on Wednesday.

China's outbound direct investment in non-financial sectors rose 39.4 percent year on year to $47.68 billion in the first eight months of the year, Ministry of Commerce spokesman Shen Danyang told a press conference.

The increase was slower than the 52.8-percent expansion seen in the January-July period, as global growth faltered and flagging property investment and exports weighed on the Chinese economy.

Of the nation's ODI in the first eight months, investments made in the form of mergers and acquisitions reached $13.2 billion, or 28.7 percent of the total, Shen said.

He said overseas M&As by Chinese investors have seen relatively fast expansion but have not shown a "spurt" in growth as some described.

"We believe China's ODI will maintain a rapid and healthy development as the government's "going global" strategy for Chinese firms plays out," he said.

The country's ODI in the European Union fell 2.5 percent year on year to $1.18 billion in the January-August period, while Australia and Japan slumped 43 percent and 11.1 percent, respectively, Shen told reporters.

During this period, the Chinese mainland's investments in Hong Kong surged 48.2 percent from a year earlier.

The member countries of the Association of Southeast Asian Nations and the United States saw ODI from China rise 40.5 percent and 18.2 percent, respectively.

The accomplished turnover of China's overseas-contracted projects climbed 16.2 percent year on year to $68.46 billion in the first eight months, accelerating from the 14.5-percent growth in the first seven months, according to Shen.

News we recommend:
Commercializing Kung Fu Deflation rears its ugly head Chinese restaurant chains face challenges
Suburban malls steal trade from city centers Textile margins wear thin 'Right time' for London to build RMB business
Global economic woes mire China in trade rows  Kai-Fu Lee, Citron battle heats up Frictions Over Renewable Energy

Email|Print|Comments(Editor:厉振羽、张洪宇)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. China, U.S. conduct joint anti-piracy exercise in Gulf of Aden

  2. To live an amazing life

  3. Foreign investors' full confidence in China

  4. Chinese actress Yang Mi covers Darizi magazine

  5. Guninness World Records 2013

  6. Snapshots of film "Dangerous Liaisons"

Most Popular

Opinions

  1. Returnees should receive a helping hand
  2. U.S. trade dispute with China a mistake
  3. Landings fan protest flames
  4. Politics should not victimize China-US trade
  5. Shifting sands in Middle East
  6. U.S. has responsibility for Asia-Pacific stability
  7. Chinese people do not fear deliberate provocation
  8. US case against China subsidies politically driven
  9. Editorial: How we all gain in the power of two
  10. Anti-Islam movie threatens Arab ties with US

What's happening in China

Bright Diary product under fire for forbidden ingredients

  1. Plans to curb sandstorms in Beijing, Tianjin
  2. Overloaded trucks at fault for bridge collapse
  3. China steps up investment in flood control
  4. Social entrepreneurship increases in popularity
  5. Japan expats exercise caution in capital

China Features

  1. Commercializing Kung Fu
  2. Chinese Kung Fu: myth or deceitful trick?
  3. Who is super model of Guangxi?
  4. Imitation unhelpful for holding sporting events
  5. Who can find a culture to define Chinese liquor?

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture